Company News

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By Best Buy Company News

19 Aug: Best Buy Recognized For Leading With Inclusion

Best Buy is proud to be among 98 companies named to the 2020 Diversity Best Practices Inclusion Index.

We’re one of just two retailers on the index, which helps us understand trends and gaps in demographic representation within our organization.

“I believe everyone should have an equal opportunity to achieve their dreams and be provided with access to resources and the support to do so,” said Amelia Hardy, vice president of inclusion and diversity. “Best Buy is committed to becoming one of the best places to work by creating space and experiences to allow employees, customers and communities to succeed.”

By Best Buy Company News Sustainability

14 Aug: The Buzz On Best Buy’s Beehives

Bees are an essential part of our food supply, pollinating more than one-third of the world’s crops. And Best Buy is committed to playing a small role in helping them thrive.

For the past three years, we have partnered with groups in the Minneapolis-St. Paul area to sponsor two beehives, each buzzing with about 70,000 honeybees.

The hives are part of Best Buy’s broader efforts to positively impact the world.

“Sponsoring these beehives is a great example of how we partner with others in the community to promote environmental sustainability,” said Tim Dunn, Best Buy’s head of environmental sustainability.

By Best Buy Company News

28 Jul: Recognized By Forbes — And Employees — As A Best Employer For Women

Brandy Cardozo, the general manager at our Best Buy store in Melbourne Beach, Florida, remembers the exact moment a fire was lit in her to become a strong female leader.

She was working for a different retailer at the time, when her boss came up to her and said, “I don’t know why you’re working so hard. Your kind never gets promoted.” He was talking about women.

She eventually did get promoted, but one day she looked around and realized how discouraged she was by being the only woman in the room of male leaders.

By Best Buy Company News

21 Jul: Best Buy Provides Updates On Evolution Of Employee Pay And Sales Performance

Increasing Starting Hourly Wage to $15 on Aug. 2

Quarter-to-Date Sales Up Approximately 2.5% Compared to Last Year

Sales Up Approximately 15% Compared to Last Year Since Stores
Re-opened for Customer Shopping

MINNEAPOLIS, July 21, 2020 — Best Buy Co., Inc. (NYSE: BBY) today announced updates related to employee pay evolution and Q2 FY21 quarter-to-date sales performance.

Employee Pay Evolution

The company is raising the starting hourly wage for all Domestic employees to $15 effective Aug. 2.

“Strong consumer demand, combined with shopping experiences that emphasize safety and convenience, has helped produce our sales results to date,” Best Buy CEO Corie Barry said.

By John Vomhof Jr. Company News

20 Jul: Best Buy Signs ParityPledge In Support Of People Of Color

Best Buy is proud to announce that we have signed on as a founding member of the Parity.org ParityPledge in Support of People of Color.

It’s a public commitment to interview at least one qualified person of color for every open leadership role that is at the vice president level or higher, including the C-suite and board of directors. There are no quotas or deadlines.

This latest pledge is in addition to the ParityPledge in Support of Women, which we previously signed to increase the representation of women in leadership.

By Best Buy Company News

14 Jul: Best Buy Now Requiring Face Coverings For Store Customers

As COVID-19 cases continue to rise throughout the country, Best Buy is joining many retailers by requiring all customers to wear face coverings when shopping in all our stores.

We will provide a face covering if a customer doesn’t have one, and small children and those unable to wear one for health reasons may enter without one. Any customer who has a concern about wearing a mask will be able to shop Best Buy via our website and app and choose home delivery or contactless curbside pickup, which remains in place at all our stores.

By Kirsten Morell Company News

14 Jul: Best Buy Recognized As One Of Best Companies For Women To Advance

Best Buy is proud to be named to the list of Best Companies for Women to Advance 2020, a new list from Parity.org that recognizes companies that have made significant commitments to the advancement of women.

We were one of only 35 companies that made the list, including just 11 large companies (5,000 or more employees).

“We are determined to be an inclusive and diverse company, not just because it’s good business sense but because it’s our fundamental obligation as leaders and as human beings,” said Kamy Scarlett, Best Buy chief human resources officer.

By Best Buy Company News

07 Jul: On Blackout Day, Best Buy Commits To Greater Support

For many years, the purchasing power and business ownership of Black Americans has increased while, at the same time, there has also been a movement to support Black businesses across the country. This effort has come to be known as Blackout Day and, this year, Best Buy joins many others in offering our support. That’s the encouraging news.

The unfortunate news is that as we looked to highlight the Black-owned businesses that we purchased consumer electronics or accessories from, we realized just how short that list is.

By John Vomhof Jr. Company News

01 Jul: Best Buy Scores 100% On Disability Equality Index

Best Buy has once again earned a perfect score of 100% on the Disability Equality Index (DEI), ranking among the leading companies on the list of Best Places to Work for Disability Inclusion.

The DEI is a prominent benchmarking tool for Fortune 1000 companies and leading law firms to gauge their level of disability workplace inclusion against competitors. The criteria include culture and leadership, enterprisewide access, community engagement, supplier diversity and employment practices, such as benefits, recruitment and retention.

At Best Buy, we believe that an accessible and inclusive workplace is vital to attracting and retaining the best talent and to delivering a great employee experience.

By Suzanne Hilker Company News Sustainability

22 Jun: Best Buy Unveils South Carolina Solar Field

Best Buy has cut our carbon footprint in half since 2009, and now we’re making our biggest commitment yet to renewable energy.

In collaboration with solar developer X-Elio and U.S. Bank, we are proud to unveil the Best Buy Solar Field in Martin, South Carolina. This project will produce 174,000 megawatt hours of clean electricity per year for the local power grid — enough to power the equivalent of 260 Best Buy stores for an entire year.

The Best Buy Solar Field underscores our commitment to enriching lives through technology.

By Best Buy Company News

19 Jun: A Juneteenth Message To Our Employees From Best Buy’s Chief Inclusion And Diversity Officer

Earlier this week, Best Buy announced that we will formally honor Juneteenth, a holiday not fully celebrated for far too long.

To mark this moment for employees, Best Buy’s Chief Inclusion and Diversity Officer Mark Irvin asked a few colleagues to join him in sharing a message about this important day.

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Company News

Increasing Starting Hourly Wage to $15 on Aug. 2

Quarter-to-Date Sales Up Approximately 2.5% Compared to Last Year

Sales Up Approximately 15% Compared to Last Year Since StoresRe-opened for Customer Shopping

Employee Pay Evolution

Sales Up Approximately 15% Compared to Last Year Since Stores
Re-opened for Customer Shopping